23 Jan '13, 10am

Bitcoin casino makes $500,000 in six months: Bitcoin casinos seem to be making a killing. SatoshiDice and BitZin...

Bitcoin casinos seem to be making a killing. SatoshiDice and BitZino recently released their earnings reports and they suggest that we are in the wrong business. SatoshiDice is an elaborate online dice game, based on a pseudo-random number generator. The house has a 1.9 percent edge built into the system, so it is bound to do quite well. The outfit made ฿33,310 during 2012, the equivalent of $596,231 and players put down a total of 2,349,882 bets. BitZino is an online casino. It offers a wider choice of entertainment, including poker, blackjack, craps and roulette, but it did not disclose its earnings. However, the company claims it paid out $495,000 in winnings and that 3.2 million bets were made in the second half of 2012. In an email exchange with Ars Technica , BitZino founder Larry Taad praised Bitcoin, saying that most users don’t keep a balance on the site and that ...

Full article: http://news.techeye.net/internet/bitcoin-casino-makes-500...

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Bitcoin-based casino rakes in more than $500,00...

arstechnica.com 23 Jan '13, 12am

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techmeme.com 23 Jan '13, 1pm

Bitcoin-based casino rakes in more than $500,000 profit in six months — Sadly, you can't spend actual bitcoins like these ...

Bitcoin-based casino rakes in more than $500,00...

reddit.com 23 Jan '13, 7am

Posts should be on technology (news, updates, political policy, etc). Image submissions are not allowed No personal inform...

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wired.co.uk 23 Jan '13, 12pm

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theverge.com 23 Jan '13, 3pm

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Bitcoin Casinos Release 2012 Earnings

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forbes.com 22 Jan '13, 4pm

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boingboing.net 23 Jan '13, 5pm

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rsstecnologia.com 24 Jan '13, 4am

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